Sam Bankman-Fried's Legal Team Raises Concerns Over Trial Preparations
Sam Bankman-Fried's attorneys have raised concerns regarding the measures taken by authorities for their client's upcoming criminal trial in October. In an August 25 submission to the United States District Court for the Southern District of New York, the legal representatives argued that the measures proposed by the prosecutors were not adequate for the FTX founder to fully prepare for his trial.
The heart of the matter pertains to the discovery materials related to the case. On August 24, the U.S. Justice Department provided approximately 4 million pages of these materials. However, according to the defense, there are still "millions of pages of documents and terabytes of data" left to be reviewed by Sam Bankman-Fried.
“We do not believe that anything short of temporary release will properly address these problems and safeguard Mr. Bankman-Fried’s right to participate in his own defense,” the defense stated. “Before his bail was revoked, Mr. Bankman-Fried was spending 80-100 hours a week reviewing the voluminous discovery and creating detailed analyses that he could update constantly and share with his attorneys.”
For about eight months, following his extradition from the Bahamas and subsequent arraignment in the U.S. in December 2022, Sam Bankman-Fried was out on a $250-million bond.
His freedom, however, was short-lived. After claims of witness tampering involving former Alameda Research CEO Caroline Ellison surfaced, a federal judge decided to revoke the FTX founder's bail. Since August 11, Bankman-Fried is being held at the Metropolitan Detention Center in Brooklyn.
Ever since the revocation of his bail, the defense has been advocating for fewer limitations, seeking more time for their client outside the detention
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